Upcoming Dividend • May 06
Upcoming dividend of €3.27 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of French dividend payers (5.6%). Lower than average of industry peers (5.0%). New Risk • Apr 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 09
Dividend increased to €3.27 Dividend of €3.27 is 6.2% higher than last year. Ex-date: 13th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.3%, which is lower than the industry average of 7.2%. Sustainability & Growth The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €117, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 10x in the Banks industry in France. Total returns to shareholders of 164% over the past three years. Reported Earnings • Sep 21
First half 2025 earnings released: EPS: €8.42 (vs €9.06 in 1H 2024) First half 2025 results: EPS: €8.42 (down from €9.06 in 1H 2024). Revenue: €157.0m (flat on 1H 2024). Net income: €51.0m (down 6.6% from 1H 2024). Profit margin: 33% (down from 35% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €112, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Banks industry in France. Total returns to shareholders of 109% over the past three years. Buy Or Sell Opportunity • Aug 18
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to €96.50. The fair value is estimated to be €78.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Upcoming Dividend • May 06
Upcoming dividend of €3.08 per share Eligible shareholders must have bought the stock before 13 May 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (5.5%). Reported Earnings • Mar 14
Full year 2024 earnings released Full year 2024 results: Revenue: €264.6m (up 3.3% from FY 2023). Net income: €64.4m (up 6.2% from FY 2023). Profit margin: 24% (in line with FY 2023). Declared Dividend • Mar 12
Dividend of €3.08 announced Shareholders will receive a dividend of €3.08. Ex-date: 13th May 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is lower than the industry average of 7.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 11
Caisse régionale de Crédit Agricole Mutuel d'Ille-et-Vilaine Société coopérative announces Annual dividend, payable on May 15, 2025 Caisse régionale de Crédit Agricole Mutuel d'Ille-et-Vilaine Société coopérative announced Annual dividend of EUR 3.0800 per share payable on May 15, 2025, ex-date on May 13, 2025 and record date on May 14, 2025. Announcement • Mar 08
Caisse régionale de Crédit Agricole Mutuel d'Ille-et-Vilaine Société coopérative, Annual General Meeting, Mar 27, 2025 Caisse régionale de Crédit Agricole Mutuel d'Ille-et-Vilaine Société coopérative, Annual General Meeting, Mar 27, 2025. Location: palais du grand large, 1 quai duguay trouin, saint malo France Buy Or Sell Opportunity • Feb 28
Now 21% undervalued Over the last 90 days, the stock has risen 29% to €79.00. The fair value is estimated to be €100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 6.6%. Upcoming Dividend • May 06
Upcoming dividend of €2.67 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 3.7%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (6.4%). New Risk • Apr 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 04
Upcoming dividend of €2.39 per share at 4.5% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Trailing yield: 4.5%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 15% share price gain to €59.29, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 5x in the Banks industry in France. Total loss to shareholders of 45% over the past three years. Upcoming Dividend • May 04
Upcoming dividend of €2.17 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of French dividend payers (5.0%). Lower than average of industry peers (7.7%). Reported Earnings • Sep 15
First half 2021 earnings released: EPS €4.65 (vs €0.26 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €125.4m (up 52% from 1H 2020). Net income: €28.2m (up €29.7m from 1H 2020). Profit margin: 22% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Synamedia Holdings Limited acquired ContentArmor SAS. Synamedia Holdings Limited acquired ContentArmor SAS on August 9, 2021. Alain Durand, ContentArmor Chief Executive Officer, will join Synamedia’s senior leadership team to help shape its security roadmap. The ContentArmor team will continue to be based in Rennes, France, which will form a new R&D hub for Synamedia’s industry leading security and video solutions.
Synamedia Holdings Limited completed the acquisition of ContentArmor SAS on August 9, 2021. Upcoming Dividend • May 05
Upcoming dividend of €1.88 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 14 May 2021. Trailing yield: 2.3%. Lower than top quartile of French dividend payers (4.0%). Lower than average of industry peers (3.4%). Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €192.9m (down 22% from FY 2019). Net income: €20.8m (down 67% from FY 2019). Profit margin: 11% (down from 25% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Dec 15
New 90-day high: €88.90 The company is up 9.0% from its price of €81.49 on 15 September 2020. The French market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: €86.50 The company is up 4.0% from its price of €83.08 on 28 August 2020. The French market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 17% share price gain to €72.00, the stock is trading at a trailing P/E ratio of 24.4x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 9x in the Banks industry in France. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Oct 24
New 90-day low: €69.90 The company is down 23% from its price of €91.01 on 24 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 13% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: €76.99 The company is down 27% from its price of €105 on 02 July 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 13% over the same period. 
